Five Oaks Investment Corp (OAKS) Major Shareholder Bermuda Ltd Xl Sells 710,495 Shares

Five Oaks Investment Corp (NYSE:OAKS) major shareholder Bermuda Ltd Xl sold 710,495 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $4.77, for a total value of $3,389,061.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Five Oaks Investment Corp (OAKS) traded up $0.82 during mid-day trading on Thursday, reaching $3.86. The company’s stock had a trading volume of 3,264,170 shares, compared to its average volume of 648,358. Five Oaks Investment Corp has a 1-year low of $3.02 and a 1-year high of $5.61. The stock has a market cap of $85.24, a price-to-earnings ratio of 9.65 and a beta of 1.48. The company has a debt-to-equity ratio of 21.93, a current ratio of 216.96 and a quick ratio of 216.96.

Five Oaks Investment (NYSE:OAKS) last released its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Five Oaks Investment had a net margin of 7.08% and a return on equity of 10.57%. The company had revenue of $4.75 million for the quarter. equities analysts anticipate that Five Oaks Investment Corp will post 0.49 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.0333 per share. This represents a $0.40 annualized dividend and a dividend yield of 10.35%. The ex-dividend date of this dividend is Wednesday, March 14th. Five Oaks Investment’s dividend payout ratio (DPR) is presently 100.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its holdings in shares of Five Oaks Investment by 68.6% during the 3rd quarter. Mackenzie Financial Corp now owns 167,225 shares of the real estate investment trust’s stock valued at $746,000 after purchasing an additional 68,050 shares during the last quarter. PVG Asset Management Corp bought a new position in shares of Five Oaks Investment during the 2nd quarter valued at about $657,000. Virtu KCG Holdings LLC bought a new position in shares of Five Oaks Investment during the 2nd quarter valued at about $108,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Five Oaks Investment by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 805,729 shares of the real estate investment trust’s stock valued at $3,932,000 after purchasing an additional 16,005 shares during the last quarter. 33.12% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on OAKS. Zacks Investment Research upgraded Five Oaks Investment from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Ladenburg Thalmann Financial Services began coverage on Five Oaks Investment in a research note on Tuesday, October 10th. They issued a “neutral” rating for the company.

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Five Oaks Investment Company Profile

Five Oaks Investment Corp. is a real estate investment trust. The Company is focused on investing on a leveraged basis in mortgage and other real estate-related assets, particularly residential mortgage loans and mortgage-backed securities (MBS). The Company invests in various assets, such as Agency residential MBS (RMBS); securitizations backed by multi-family mortgage loans, or Multi-Family MBS; residential mortgage loans and other mortgage-related investments, including mortgage servicing rights (MSRs), and Non-Agency RMBS.

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